TRDX Prepares for Additional Revenue Stream From Its New Pharmaceutical Distribution Division
February 03 2011 - 8:00AM
Marketwired
SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. (PINKSHEETS:
TRDX), is pleased to announce their wholly owned subsidiary
Preferred Distribution, Inc. (Preferred), is on target to launch
their new pharmaceutical distribution division by the second
quarter of 2011. This division has already received approval by
global pharmaceutical wholesaler Hospira, to distribute their
products. Preferred's new pharmaceutical division will provide a
third source of revenue for the Company. The pharmaceutical market
is one of the fastest growing industries with long-term growth.
In an article dated April 20, 2010, IMS Health reported that the
size of the global market for pharmaceuticals is expected to grow
nearly $300 billion over the next five years, reaching $1.1
trillion in 2014. The 5 - 8 percent compound annual growth rate
during this period reflects the impact of leading products losing
patent protection in developed markets, as well as strong overall
growth in the world's emerging countries.
To read the full article, please click on the link:
http://www.imshealth.com/portal/site/imshealth/menuitem.a46c6d4df3db4b3d88f611019418c22a/?vgnextoid=4b8c410b6c718210VgnVCM100000ed152ca2RCRD&vgnextchannel=b5e57900b55a5110VgnVCM10000071812ca2RCRD&vgnextfmt=default
Dr. Jan Stahl, TRDX CEO, stated: "This is an exciting time for
our company. Our new pharmaceutical division is anticipated to
provide revenue growth in a rapidly growing industry. We have
already received approval from global pharmaceutical wholesaler
Hospira, to distribute their products. We anticipate receiving
approval for distribution from other pharmaceutical wholesalers in
the near-term."
About SciMeDent f/k/a Trend Exploration,
Inc. (PINKSHEETS: TRDX)
SciMeDent (www.scimedenthealth.com) is a company focused on
being a leading developer and marketer of products and services for
medicine, dentistry and life sciences. SciMeDent plans to achieve
growth initially through mergers and acquisitions.
About Preferred Distribution, Inc.
Preferred Distribution, Inc. is a wholly owned subsidiary of
SciMeDent. Preferred's goal is to supply the medical, dental and
veterinary community with quality products at the lowest possible
prices. Preferred prides itself on providing professional sales
staff who are courteous, knowledgeable and dedicated to saving you
time and money for your practice. Since 1987 Preferred has been
serving the needs of professionals throughout the country.
Preferred's dental products division is marketed through its
website, www.preferreddist.com.
Cautionary Statement Regarding Forward-Looking
Statements
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological or
industry changes and uncertainties related to the development of
the Company's business model. The actual results the Company may
achieve could differ materially from any forward-looking statements
due to such risks and uncertainties.
Contact: Cadence Consulting, LLC. Dan Myers 1-866-383-1374
dmyers@cadenceconsultingllc.com
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